Short Squeeze Stocks: The Usual Suspects, & One Newcomer

The last thing investors are thinking about right now -- as Wall Street wrestles with surging oil prices -- is a short squeeze. But maybe that's what contrarians should be doing now, monitoring stocks to buy the dip on that could send bearish bettors packing. 

This screen finds stocks where the shorts might be at a big loss and therefore likely to begin covering. Obviously, there are quite a few assumptions so these would be very rough estimates.

To estimate the return for the shorts, Rocky went back over the past year of short interest reports to find when the shorts were added. Then he used the average price over the prior two weeks and estimated the shorts were added at that average price. Below are stocks where significant shorts have been added and they could be at a big loss. 

Bear in mind, this data is from the most recent reporting period (3/1).

Highlights on the list include Applied Digital (APLD), Nebius Group NV (NBIS), and biotech Nektar Therapeutics (NKTR)